What Is the Sequence of Steps(order of Preparation)for the Operating

Multiple Choice

What is the sequence of steps(order of preparation) for the operating budget?

A) sales budget, operating expense budget, purchases and cost of goods sold budget
B) sales budget, capital budget, operating expense budget
C) sales budget, purchases and cost of goods sold budget, schedule of cash collections from customers, operating expense budget
D) sales budget, schedule of cash collections from customers, purchases and cost of goods sold budget, schedule of cash disbursements for purchases, operating expense budget